World Trade Center Station Embodies Resolve

TODAY: Feb. 13, 2016 PUB DATE: Feb. 13, 2016

By Andrew Tangel and Keiko Morris Commuters dashing through a new World Trade Center train station will soon be treated to a grand view if they look skyward. Long delayed and about $2 billion over budget, the centerpiece of a ...

Atlantic City's Financial Problems Widen

TODAY: Feb. 13, 2016 PUB DATE: Feb. 13, 2016

By Kate King Atlantic City slid closer to insolvency this week when its largest casino declined to pay its February property-tax bill, raising the stakes for New Jersey lawmakers who are crafting a bill that would allow a state takeover ...

Visa Details Square Stake

TODAY: Feb. 13, 2016 PUB DATE: Feb. 13, 2016

(FROM THE WALL STREET JOURNAL 2/13/16) By Telis Demos and Chelsey Dulaney Square Inc. shares rallied Friday after Visa Inc. revealed the size of its investment in the mobile-payments startup subsequent to Square's initial public offering. Square, founded and run ...

Consumers Power Past Headwinds -- 3rd Update

TODAY: Feb. 13, 2016 PUB DATE: Feb. 13, 2016

By Harriet Torry, Mike Cherney and Min Zeng U.S. consumers showed signs of strength in January, taking advantage of low oil prices to increase their spending and offering a welcome counterpoint to the gloom that has gripped investors and roiled ...

Deutsche To Buy Back Some Debt

TODAY: Feb. 13, 2016 PUB DATE: Feb. 13, 2016

(FROM THE WALL STREET JOURNAL 2/13/16) By Jenny Strasburg and Christopher Whittall Deutsche Bank AG said it would buy back $5.4 billion of its debt, a move designed to bolster investor confidence in the German lender's finances and in the ...

Consumer-Focused Companies' Bonds Buck Drop by Their Stocks

TODAY: Feb. 13, 2016 PUB DATE: Feb. 13, 2016

By Mike Cherney The sharp drop this year in consumer-focused stocks is feeding fears of a recession, but those companies' bonds are sending a more upbeat signal. Bonds from companies such as retailers and restaurants, which are most closely tied ...

Dealers Tell Auto Makers: Send Trucks and SUVs, Not Cars

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Jeff Bennett and Christina Rogers U.S. new-car dealers are telling auto makers to limit production of passenger cars in the face of overwhelming demand for trucks and sport-utility vehicles that is forcing them to offer deep discounts on small ...

Money Is Getting Tighter Faster Than Fed Intended

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Ben Eisen Monetary-policy makers are coming to the grim conclusion that financial markets aren't letting them tighten financial conditions gradually. The problem: The rise of the dollar over the past year and the swift retreat from risk in 2016 ...

Asian Shares Set for Early Losses

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Robb M. Stewart MELBOURNE, Australia--Stocks across Asia look set for another volatile day Friday, heading for a negative open as they track further weakness on Wall Street and in Europe as investors flee for safer investments. Still, early weakness ...

CFPB Rules to Rein In Payday Lenders Won't Cap Rates, Official Says

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

WASHINGTON?New federal rules for high-interest payday loans won't cap interest rates, a top official of the Consumer Financial Protection Bureau told lawmakers Thursday. "We will not establish a usury cap and interest-rate limits on these or any other lending product," ...

Yen Weakens Only Moderately Against Rivals

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Hiroyuki Kachi The yen weakened moderately against its rivals during Asia trade Friday, as Japanese currency authorities' talking failed to give a new direction to the perceived safety of the Japanese currency. The greenback rose to Y112.70 at around ...

Europe's 500 Bills Are Latest Front in Countering Terror Financing

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

BRUSSELS?European finance ministers are meeting Friday to discuss measures aimed at countering the financing of terrorism and will broach the possibility of the European Central Bank withdrawing the ?500 bank note as part of the strategy. "Today we are aiming ...

BOJ Could Consider Further Easing, Says Abe Adviser

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

TOKYO?A close adviser to Prime Minister Shinzo Abe said Friday that the Bank of Japan may call an emergency meeting to undertake additional monetary easing if financial markets remain turbulent. Etsuro Honda, a former finance ministry bureaucrat, said the government ...

Euro-Zone Fourth-Quarter GDP Up 0.3% on Quarter, Up 1.5% On Year

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Nina Adam in Frankfurt and Jason Douglas in London The eurozone economy grew steadily in the final quarter of 2015, but a darkening global outlook and severe financial-market turmoil mean officials at the European Central Bank are expected to ...

EUROPE MARKETS: European Stocks Bounce Back, As Banks Revive

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Carla Mozee, MarketWatch Commerzbank rises on dividend news European stocks jumped Friday, coming back from a sharp selloff in the previous session, and held to higher ground after the release of economic growth figures for the eurozone. The Stoxx ...

Google Wins UK Court Case Filed By Streetmap -- Update

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Natalia Drozdiak BRUSSELS-- Alphabet Inc.'s Google has won a U.K. court case filed by online mapping company Streetmap. EU Ltd, who alleged the U.S. technology company was skewing search results in favor of its own mapping product, the companies ...